Asian markets mixed after China cuts loan prime rate

2020-02-19

Asian markets were mixed in early trading Thursday after China’s central bank cut its loan prime rate, as expected. The People’s Bank of China cut its benchmark one-year loan prime rate by 10 basis points, and the five-year loan prime rate by 5 basis points. That came days after centralRead More →

Fed Beige Book says contacts report ‘solid’ holiday sales and have ‘modestly favorable’ expectations about 2020

2020-01-15

Getty Images People with shopping bags walk down the sidewalk during the Christmas holiday season last month. The outlook: Economic activity continued to expand “modestly” over the last six weeks of 2019, according to the Federal Reserve’s Beige Book, released Wednesday. Two districts: Richmond and Dallas, reported growth at above-averageRead More →

Asian markets rebound as Mideast tensions ease

2020-01-08

Asian markets rebounded in early trading Thursday following losses the day before after Iran launched a missile attack on U.S. bases in Iraq. Tensions decreased significantly Wednesday amid signs of de-escalation, as President Donald Trump said Iran “appears to be standing down” and announced fresh sanctions rather than immediate militaryRead More →

Asia-Pacific markets dip on last trading day of the year

2019-12-30

Asia-Pacific markets fell in light trading on Tuesday, with some major indexes closed for the New Year’s holiday and others closing early. The Shanghai Composite SHCOMP, -0.16%   slipped 0.1% while the Shenzhen Composite 399106, +0.11%  rose 0.2% after data showed China’s factory activity continued to expand for a secondRead More →

Asian markets advance as more records fall on Wall Street

2019-12-27

Asian markets mostly gained in early trading Friday, after yet more record highs on Wall Street. Japan’s Nikkei NIK, -0.36%   was about flat, while Hong Kong’s Hang Seng Index HSI, +1.21%   gained 1.2%. The Shanghai Composite SHCOMP, -0.08%   advanced 0.7% while the Shenzhen Composite 399106, -0.67%  Read More →

Asian markets flat in quiet Christmas trading

2019-12-24

Asian markets were little changed in light holiday trading Wednesday, with many major global markets closed for Christmas. Japan’s Nikkei NIK, -0.20%   slipped 0.2%, while the Shanghai Composite SHCOMP, -0.28%   was about flat and the smaller-cap Shenzhen Composite 399106, +0.00%   rose 0.4%. Taiwan’s Taiex Y9999, +0.27%  Read More →

Asian markets quiet after latest Wall Street records

2019-12-23

Asian markets were mixed in quiet trading Tuesday, following another record day on Wall Street. The Dow Jones Industrial Average DJIA, +0.34%   and S&P 500 SPX, +0.09%   closed at record highs for a third consecutive day, while the Nasdaq Composite COMP, +0.23%   notched a record ninth-straight recordRead More →

UK economy caught between Brexit and a hard place

2019-12-17

Now that his conservative party has won the UK election in a landslide victory, triumphant prime minister Boris Johnson can turn his attention and energy to the economy. And the next five years will be marked by the opposing effects of his party’s policies, which on the upside should boostRead More →